Takaful (Islamic insurance) has been widely accepted as an alternative to conventional insurance and offered in many Muslim and non-Muslim countries. The unique feature of Takaful is that is suitable and acceptable for anyone regardless of the religion to our surprise, Takaful has not been introduced in India. India has the third largest Muslim pop

Islamic banks cannot promise to pay fixed rate of return to the depositors although they are trying to pay at least the same rate of return provided by the conventional banks. Changes in interest rate put additional pressure on the Islamic banks to compete with the conventional banks. One way to compete the rate provided by the conventional banks i

Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious ina

Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious ina

Insurance has been widely used as a risk mitigation tool in our personal lives as well as in business world. It is not deniable that insurance has become part of parcel of our daily lives and it provides the benefits and protection to us when we are unfortunate. However, the concepts of riba (interest), gharar (uncertainty) and mysir (gambling) inh

Corporate governance issues become getting attention from the regulators, industrial players and investors due to the financial crises and recent corporate failures. Australia is ranked in the fourth position in terms of having good corporate governance practices after United Kingdom, United States of America and Canada. In Asia, Australia is one o

Takaful has been known as Shari’ah compliant insurance and it is penetrating not only into the Muslim countries but also into the non-Muslim countries. Among the countries which offer Islamic finance products, Malaysia is well known as one of the leading countries encouraging this industry. Due to the rapid growth of the takaful industry, the pre

This project deals with the development of cooling system for motorcycle helmet using thermoelectric technology. The system consists mainly of a heat sink and thermoelectric module. When electrical voltage is applied to the thermoelectric module, it will create a temperature difference across the thermoelectric module. This phenomenon, also known a

Shariah screening is a relatively new phenomenon to the Islamic finance. Until the 1970s, Muslim community generally was reluctant to involve in stock market due to the outright Shariah prohibition, imposed on capital market. In 1990s, a major breakthrough took place in religious ruling pertaining to equity investment and Muslims were allowed to pa

The Asian financial crisis in 1997 has awakened the regulators and corporates on the importance of corporate governance. In any country’s economy, banking sector plays an important role for the better economy. Accordingly, the objective of this study is to examine the relationship between corporate governance and disclosure quality of listed bank